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Catherina

(35,568 posts)
10. To a man who wasn't even paying the taxes!
Sat Aug 3, 2013, 02:38 PM
Aug 2013

A day after the Ilitch organization won state approval for public assistance to build its proposed $650-million entertainment center downtown, Mayor Dave Bing and a top aide confirmed the city believes Olympia Entertainment owes about $1.5 million in unpaid property taxes at Joe Louis Arena, where the Red Wings have played hockey for decades.

Bing said Friday that although his administration believes the Ilitch organization owes the taxes, his staff is working to reconcile the amount. The mayor was careful to point out that he is a strong backer of the Ilitch plan for a new arena that would anchor an entertainment, retail and housing district downtown and did not want the tax debt to reflect poorly on the effort to build the complex.

http://www.freep.com/article/20121215/NEWS01/312150077/Detroit-Mayor-Dave-Bing-Mike-Ilitch-owes-us-1-5M-but-we-ll-work-it-out

I don't know why so few seem to care. Detroit's just a test run. I worker pensions aren't safe in Detroit, they're not safe anywhere. Things are only going to get worse with the TPP too.

Here's the part no one wants to discuss

Michigan Leads Nation in Massive Corporate Tax Breaks (The Untold Story of Detroit's Decline)

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Are these the rotten banks ceonupe Aug 2013 #1
Banks deserve bashing. FED found $16 trillion to bail out the banksters, including foreign-owned. Octafish Aug 2013 #6
So that's why I advocate ceonupe Aug 2013 #8
What makes you the mstinamotorcity2 Aug 2013 #27
no just giving my 2cents ceonupe Aug 2013 #28
more like mstinamotorcity2 Aug 2013 #35
They are coming for everything. Not just every last nickel and dime, but DirkGently Aug 2013 #2
When a bank goes belly up, the regulators come and take everything. Igel Aug 2013 #3
No. Stripping pensions in this context means de-prioritizing a debt DirkGently Aug 2013 #5
There is another article today that says the pensions are 90% funded. nt Mojorabbit Aug 2013 #26
detroit's pensions are 90% funded, according to a recent report. so you're wrong. HiPointDem Aug 2013 #30
Disaster Capitalism, Chicago-style Octafish Aug 2013 #7
It's far more radical then anything supposed "socialists" are seeking. DirkGently Aug 2013 #14
It's like witnessing a bank robbery and running to the police station to report it... Octafish Aug 2013 #15
No, this is going to take massive, sustained public pressure. DirkGently Aug 2013 #24
But they'll get a new hockey arena & billionaire Mike Ilitch gets an entertainment district Catherina Aug 2013 #4
On Vultures and Red Wings: Billionaire Gets New Sports Arena in Bankrupt Detroit Octafish Aug 2013 #9
To a man who wasn't even paying the taxes! Catherina Aug 2013 #10
Incredible story! NOTHING about that in the local media. Octafish Aug 2013 #13
Thank you Octafish! n/t Catherina Aug 2013 #20
whoa. nashville_brook Aug 2013 #16
Well there's a few debts to be pursued in the bankruptcy. DirkGently Aug 2013 #25
catherina, i made an op from your post here: HiPointDem Aug 2013 #31
I'm grateful you did. I'm sure there's much more of that out there Catherina Aug 2013 #33
Ilitch is the Murderer of Tiger Stadium. navarth Aug 2013 #21
It goes much deeper than what is happening now mick063 Aug 2013 #11
Zen Throat-Cutting in Detroit Octafish Aug 2013 #22
Pillaging for modern times suffragette Aug 2013 #12
If Detroit's re-org goes well Bunnahabhain Aug 2013 #17
Yes mick063 Aug 2013 #19
We will see what happens Bunnahabhain Aug 2013 #23
There are many black hats & few white ones. Detroit was deliberately destroyed. And now it's HiPointDem Aug 2013 #32
Are for real? Bunnahabhain Aug 2013 #34
Detroit's median household income is now LESS THAN HALF what it was in 1970 Catherina Aug 2013 #18
Kicked and recommended. Uncle Joe Aug 2013 #29
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